Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
"Brightstar Lottery" Second Quarter 2025 Earnings Call - Closed gaming sale and $1.1B shareholder return, backing renewed focus on iLottery growth
Brightstar Lottery used Q2 as a reset moment. Management closed the gaming and digital sale for roughly $4 billion, locked in the Italy Lotto concession through November 2034, and announced a $1.1 bil...
- Closed the gaming and digital sale for approximately $4 billion and earmarked $1.1 billion of net proceeds for shareholder returns, including a $3 per share special dividend and a $500 million repurchase authorization.
- Announced a $250 million accelerated share repurchase program, the largest in company history, with De Agostini opting out of the first tranche so buybacks will come from the public float.
- Q2 revenue was $631 million and adjusted EBITDA was $274 million, down 5% year over year and 9% at constant currency, but management says EBITDA ex multi-state jackpot and LMA items was flat versus prior year despite incremental growth investments.
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Whirlpool Corporation Q2 2025 Earnings Call - Tariff Delays Fuel Import Preloading, Pressuring Near-Term Margins
Whirlpool says the quarter felt like a policy story more than a demand story. Delays and uncertainty around U.S. tariffs invited a wave of Asian imports, creating intense promotional pressure and inve...
- Management flagged tariff delays as the dominant short-term headwind, saying Asian competitors preloaded imports and raised imports excluding China by over 20% year to date, creating significant promotional intensity.
- Company estimate: as of end of May there was roughly 60 to 90 days of excess imported inventory from Asia that needs to clear the system, contributing to Q2 promotional pressure and volume drag.
- Q2 results: net sales down 3% year over year excluding currency, global ongoing EBIT margin stable at 5.3%, ongoing EPS $1.34, with roughly a $0.35 negative hit from a non-cash loss tied to Whirlpool’s minority interest in BEKO Europe (about $90 million).
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Alkermes plc Second Quarter 2025 Earnings Call - Elixirxtin normalizes wakefulness and shows cognition/fatigue gains, setting up Phase 3
Alkermes delivered a robust commercial quarter and used its balance sheet to push an ambitious clinical agenda. Q2 proprietary net sales beat expectations at $307.2 million (14% YoY), profitability wa...
- Q2 proprietary product net sales were $307.2 million, up 14% year-over-year, exceeding the company’s May expectations of $260–$280 million for the quarter.
- Gross-to-net dynamics provided about a $20 million one-time tailwind in Q2, driven by ~ $9 million for Vivitrol and ~ $11 million for Aristada.
- Total revenues for Q2 were $390.7 million, including $83.4 million in manufacturing and royalty revenues (Vumerity $39.4 million, long-acting Invega products $30.3 million).
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Herc Holdings Inc. Second Quarter 2025 Earnings Call - H&E Acquisition Creates Scale but Depressed Near-Term Revenue
Herc closed the H&E Equipment Services acquisition in Q2 and immediately shifted the script to integration mode. The deal bought scale, specialty capability, and a long runway of megaproject exposure,...
- Herc closed the H&E Equipment Services acquisition in early June and immediately established an integration management office to manage systems, people, and operations.
- GAAP equipment rental revenue rose 13.7% in Q2; adjusted EBITDA increased 12.8% to $406 million, but the quarter included a GAAP net loss after $73 million of transaction costs and a $49 million loss on assets held for sale.
- On a pro forma basis including H&E for the full quarter, rental revenue would have been down about 2% year over year; legacy Herc branches (excluding Centerlease) grew about 4% in Q2.
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PJT Partners Q2 2025 Earnings Call - Strategic Advisory Drives Record Results, Pipeline at Record Levels
PJT reported a clean beat in Q2 and H1 2025, with Strategic Advisory powering record revenue, adjusted pre-tax income, and adjusted EPS. The firm posted $407 million of revenues in Q2, up 13% year ove...
- Q2 2025 total revenues were $407 million, up 13% year over year; H1 revenues were $731 million, up 6% year over year.
- Adjusted pre-tax income for Q2 was $80 million, up 22% year over year; adjusted pre-tax income for the first six months was $136 million.
- Adjusted if-converted EPS was $1.54 in Q2, up 29% year over year; H1 adjusted EPS was $2.59, up 19%.
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Kiniksa Pharmaceuticals Q2 2025 Earnings Call - ARCALYST lifts guidance after $156.8M quarter, KPL-387 Phase 2/3 underway
Kiniksa rode another quarter of heavy commercial momentum, reporting $156.8 million in ARCALYST net revenue for Q2 2025, a 52% year over year jump that pushed cumulative ARCALYST sales past $1 billion...
- Q2 2025 ARCALYST net revenue was $156.8 million, up 52% year over year and about $19 million above Q1 2025.
- Kiniksa announced cumulative ARCALYST net sales have surpassed $1 billion since launch, a milestone highlighted by management.
- Full year 2025 ARCALYST net sales guidance was raised to $625 million to $640 million, up from a prior range of $590 million to $605 million, increasing the midpoint by about $35 million.
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UFP Industries Q2 2025 Earnings Call - Cost Cuts and SureStone Momentum Aim to Offset Weak Demand
UFP reported a quarter that looks like cautious damage control. Revenue slid to $1.8 billion, down 3.5% year over year, with EPS of $1.70 and adjusted EBITDA of $174 million, pushing margins to 9.5% f...
- Q2 results: net sales $1.8 billion, down 3.5% YoY; EPS $1.70; adjusted EBITDA $174 million, adjusted EBITDA margin 9.5% vs 10.7% a year ago.
- Volume and pricing: overall units down about 3% with a roughly 1% decline in pricing, reflecting softer demand and competitive pricing pressure across segments.
- Lumber input pressure: southern yellow pine and spruce costs averaged 18% and 13% higher in the quarter; management notes ~75% of lumber purchases are domestic and roughly two thirds are southern yellow pine.
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Olin Corporation Q2 2025 Earnings Call - Value-first commercial approach preserves cash amid EDC collapse, operational setbacks and tariff risk
Olin reported a pressured quarter where disciplined, value-over-volume selling and hefty cash generation masked a string of operational and market headwinds. Adjusted EBITDA fell 5% sequentially, hit ...
- Adjusted EBITDA declined 5% sequentially in Q2 2025, driven primarily by $32 million of planned chemical turnarounds and additional unplanned operating events.
- Olin generated more than $212 million of operating cash flow in Q2, used to fund the $56 million Manitowoc ammunition asset acquisition, pay down $39 million of debt, and repurchase $10 million of shares.
- Chlor Alkali: caustic soda demand is stable and remains the strongest ECU product, but EDC pricing collapsed much more steeply than expected, creating a meaningful headwind for integrated ECU profitability.
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Ameris Bancorp Second Quarter 2025 Earnings Call - Margin Expansion and Deposit Resilience Fuel Margin-Accretive Growth
Ameris delivered a clean beat in Q2 2025, with net income of $109.8 million ($1.60/share), top-tier profitability metrics, and clear positive operating leverage. Net interest margin widened to 3.77% (...
- Net income $109.8 million, $1.60 diluted EPS, up 21% year over year.
- Profitability climbed: ROA 1.65%, PPNR ROA 2.18%, return on tangible common equity 15.8%, efficiency ratio improved to 51.63% from 52.83% last quarter.
- Net interest margin expanded to 3.77% (core margin, zero accretion), up ~4 basis points; management expects NIM to normalize above 3.60%–3.65% over the medium term in a flat Fed rate environment.
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"Sonatec" Second Quarter Fiscal 2026 Earnings Call - Shift to high‑ASP medical and complex systems offsets clean‑energy softness, backlog tops $11.2M
Sonatec posted a steady quarter that looks modest at first glance, but the narrative underneath is the hard strategic work paying off. Revenue held above $5.0M for the sixth straight quarter, first ha...
- Q2 revenue $5.16M, marking six consecutive quarters above $5.0M and a sequential uptick from Q1 ($5.13M).
- First half fiscal 2026 revenue hit a record $10.3M, up slightly from $10.19M a year ago.
- Net income for the first half is approximately $0.9M, roughly a 36% year over year increase, reflecting higher gross margin and tighter operating spend.
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